USD/CHF extends retreat from 1-year highs

FXStreet (Córdoba) - Greenback resumen the decline against European currencies during the last hour of trading in Wall Street and reached fresh lows. USD/CHF broke below 0.9335 and tumbled quickly to 0.9317, reaching a fresh daily low.

With recent moves the pair trimmed weekly losses and is approaching Monday lows, located slightly above 0.9300.

During the Asian session USD/CHF peaked at 0.9379 and since then it has fallen more than 50 pips, making an important short-term reversal. The long term trend continues to be bullish but some correction signals start to arise.